Increasing Current Bitcoin Mining Capacity by 100%
Vortex Brands Co. announces it has acquired 8 additional S19j Pro (100th) for its Bitcoin Mining operations increasing its current order of S19j Pro to 14. The Company is expecting its S19j Pros to begin coming on-line in the coming weeks. These 14 total units represent an increase in mining capacity of approximately 100% to 2,800 terrahash.
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We launched our bitcoin mining in September 2021. Since that time, we have expanded our bitcoin mining operations and began executing on our dividend policy of 15% of the net proceeds generated from the bitcoin mining operations.
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As promised, we will provide as much transparency as possible to our shareholders regarding our Bitcoin Mining operations. As part of this, we will provide updates from the mining results to provide our shareholders with up-to-date information instead of making them wait until quarterly filings are made. Shareholder are encouraged to follow progress by viewing our corporate Bitcoin wallet address as provided below, to track our daily progress.
*Revenue related calculations. Please note that the Company believes that any revenue related calculations are accurate and based on factual information, there can be no assurance that the Company will be able to achieve all projections due to number of business-related factors, such as power pricing, mining equipment availability, bitcoin mining difficulty, bitcoin market pricing and other unforeseen issues in deploying its mining rigs.
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